TMV Performance — Direxion Daily 20+ Year Treasury Bear 3X Shares
Data updated: 2026-09-28
TMV returned +17.44% year to date and +14.44% over one year to Jul 2026. Annualised returns are +14.53% over 3 years and +27.36% over 5 years. The fund beat its Trading - Inverse category average: $100 invested three years ago grew to $150, against $39 for the category, and to $114 over one year, against $73. Volatility over the past three years was 42.47% a year. In the 12 months to Jul 2026 the fund lost a net $8.3M, and assets reached $193.13M.
TMV Growth of $100
What $100 invested in Direxion Daily 20+ Year Treasury Bear 3X Shares grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Inverse category average over the same months.
| Period | TMV | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $114 | $73 |
| 3 years (Aug 2023 – Jul 2026) | $150 | $39 |
| 5 years (Aug 2021 – Jul 2026) | $335 | $35 |
| Since data start (Aug 2019 – Jul 2026) | $145 | $12 |
TMV Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.44% |
| 1 year | +14.44% |
| 3 years (annualised) | +14.53% |
| 5 years (annualised) | +27.36% |
TMV Annual Returns
Calendar-year total returns of Direxion Daily 20+ Year Treasury Bear 3X Shares, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +17.44% |
| 2025 | −4.52% |
| 2024 | +39.67% |
| 2023 | −9.65% |
| 2022 | +151.41% |
| 2021 | +0.69% |
| 2020 | −54.27% |
| 2019 (Aug–Dec) | −11.62% |
TMV Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | −12.0% | +14.2% | +3.6% | −0.8% | −2.7% | +15.7% | — | — | — | — | — |
| 2025 | −0.6% | −15.0% | +4.5% | +3.7% | +11.2% | −7.7% | +4.4% | +1.1% | −9.4% | −3.1% | +0.2% | +9.5% |
| 2024 | +7.7% | +7.5% | −1.1% | +22.9% | −7.1% | −4.9% | −9.4% | −5.6% | −4.8% | +19.4% | −5.8% | +22.7% |
| 2023 | −20.4% | +16.2% | −14.1% | −0.6% | +9.6% | +0.1% | +8.7% | +9.9% | +28.8% | +16.6% | −25.3% | −22.2% |
| 2022 | +11.5% | +3.7% | +14.9% | +32.4% | +4.6% | +1.7% | −7.8% | +13.2% | +26.5% | +18.9% | −19.8% | +6.7% |
| 2021 | +11.3% | +17.5% | +16.1% | −7.8% | −2.3% | −11.6% | −11.5% | +0.3% | +7.9% | −8.0% | −9.7% | +4.7% |
| 2020 | −20.0% | −18.0% | −31.1% | −4.9% | +4.3% | −2.3% | −12.7% | +15.8% | −2.8% | +10.0% | −6.1% | +2.8% |
| 2019 | — | — | — | — | — | — | — | −27.8% | +7.5% | +3.2% | +1.0% | +9.3% |
TMV Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 42.47%
- 3-year Sharpe ratio: 0.24 (vs 4.5% risk-free rate)
- Best month: +28.77% (Sep 2023)
- Worst month: −25.32% (Nov 2023)
TMV Fund Flows
Monthly money in and out of Direxion Daily 20+ Year Treasury Bear 3X Shares, from SEC Form N-PORT.
- 12-month net flow: −$8.3M
- 12-month gross sales (incl. reinvestments): $145.3M
- Sales ÷ redemptions: 0.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $23.0M | $18.6M | $4.4M |
| Jun 2026 | $0 | $11.4M | −$11.4M |
| May 2026 | $14.0M | $8.1M | $5.9M |
| Apr 2026 | $7.4M | $11.2M | −$3.8M |
| Mar 2026 | $19.1M | $18.4M | $772K |
| Feb 2026 | $10.7M | $5.5M | $5.2M |
| Jan 2026 | $14.8M | $14.7M | $172K |
| Dec 2025 | $1.8M | $10.9M | −$9.1M |
| Nov 2025 | $5.2M | $13.9M | −$8.7M |
| Oct 2025 | $13.5M | $18.9M | −$5.5M |
| Sep 2025 | $26.3M | $10.6M | $15.6M |
| Aug 2025 | $9.5M | $11.4M | −$1.9M |
TMV Assets Under Management
Net assets of Direxion Daily 20+ Year Treasury Bear 3X Shares by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $193.13M |
| 2026-04-30 | $175.96M |
| 2026-01-31 | $166.90M |
| 2025-10-31 | $168.04M |
| 2025-07-31 | $180.90M |
| 2025-04-30 | $170.79M |
| 2025-01-31 | $191.68M |
| 2024-10-31 | $174.28M |
| 2024-07-31 | $203.36M |
| 2024-04-30 | $287.90M |
| 2024-01-31 | $221.89M |
| 2023-10-31 | $401.55M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.